Keeping your business protected while the economy recovers

The Bureau of Labor Statistics released the nation's job report for June, showing that the U.S. economy is continuing its slow recovery. While the unemployment rate stayed steady at 7.6 percent, there were also 195,000 jobs added.

Smaller businesses, or even highly niche companies, might not find their organization in one of the many sectors listed as adding or not adding positions. Even so, this does not mean that the jobs report should be considered unimportant. With more jobs being created, consumer confidence is also likely to be on the rise. Companies of all sizes must keep themselves prepared for numerous situations, positive and negative.

Without the right general business insurance, owners could find themselves in serious financial trouble should a natural disaster occur in their area. Or, what happens if a storefront is vandalized? Commercial property insurance, and complementary policies will be crucial in helping company leaders maintain stability for their business.

Bill Hampel, chief economist at the Credit Union National Association, told CNN Money that investors are starting to believe that the economy is closer to a point where it will no longer need monetary support.

"When will we finally get back to the day when good news for the economy is taken as good news by the stock market? It looks like we might finally be there," he said.

The largest job gains were in leisure and hospitality, as 75,000 positions were added, while the professional and business services sectors added 53,000 new jobs.

The same way that it takes time for the economy to recover, small- to medium-sized business owners will also be facing long recovery periods. However, that process will be even more trying without the right business insurance in place.